Krispy Kreme reports better-than-expected quarterly results - Mark Fightmaster

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Krispy Kreme reports better-than-expected quarterly results
Dec 07, 2009 04:00 PM UTC

Mark Fightmaster

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Filed under: Earnings reports, Krispy Kreme Doughnuts (KKD)

Doughnut dean Krispy Kreme (KKD) baked up its third-quarter earnings, revealing a net loss of four cents per share. The quarterly earnings reflect provisions for the settlement of litigation and related legal costs, which totaled three cents per share. A year ago, Krispy Kreme lost nine cents per share in the third quarter.

Krispy Kreme's president and CEO noted, "Our results continued to improve year-over-year in the third quarter ... Our improved results are evidence of progress in implementing our strategic initiatives, which have us on a path toward building a growing, profitable business that is sustainable for the long term."

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Krispy Kreme reports better-than-expected quarterly results originally appeared on BloggingStocks on Mon, 07 Dec 2009 11:00:00 EST. Please see our terms for use of feeds.

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